Currencies34097
Market Cap$ 4.03T-0.99%
24h Spot Volume$ 123.47B+18.5%
DominanceBTC58.23%-0.44%ETH10.59%+1.71%
ETH Gas1.37 Gwei
Cryptorank

Bitcoin Price Rises, but Wallet Activity Hits a Low Point


by Coin Edition
for CoinEdition
Bitcoin’s Price Rises, but Fewer Wallets Are Active
  • Bitcoin’s wallet returns are down 1.9%, signaling losses for many traders since October.
  • Despite the price rise, the MVRV metric shows many traders are currently at a loss.
  • New Bitcoin addresses keep growing, but the pace has slowed by 10% in the past week.

As of December 2024, Bitcoin’s active wallets show a -1.9% return, marking the lowest average wallet returns since the start of the bull rally on October 10.

This suggests that many traders, particularly those who entered during the euphoria after Bitcoin’s all-time high, now have losing positions.

Bitcoin’s Price Surge and Declining Investor Interest

However, Bitcoin’s price grew by 61% since mid-October, which shows that the market continues to push higher, even as investor interest declines.

The 30-day Market Value to Realized Value (MVRV) s…

The post Bitcoin Price Rises, but Wallet Activity Hits a Low Point appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Bitcoin Sees Long-Term Holders Sell As Short-Term Buyers Step In – Sign Of Rally Exhaustion?

Bitcoin Sees Long-Term Holders Sell As Short-Term Buyers Step In – Sign Of Rally Exhaustion?

As Bitcoin (BTC) continues to set new all-time highs (ATH) – reaching $123,218 on Bin...
ChatGPT’s 42-Signal Bitcoin Analysis Flags Critical $121K Test After Historic $123K ATH Pullback

ChatGPT’s 42-Signal Bitcoin Analysis Flags Critical $121K Test After Historic $123K ATH Pullback

ChatGPT's AI model processed 42 live indicators revealing consolidation momentum as B...

Bitcoin Price Rises, but Wallet Activity Hits a Low Point


by Coin Edition
for CoinEdition
Bitcoin’s Price Rises, but Fewer Wallets Are Active
  • Bitcoin’s wallet returns are down 1.9%, signaling losses for many traders since October.
  • Despite the price rise, the MVRV metric shows many traders are currently at a loss.
  • New Bitcoin addresses keep growing, but the pace has slowed by 10% in the past week.

As of December 2024, Bitcoin’s active wallets show a -1.9% return, marking the lowest average wallet returns since the start of the bull rally on October 10.

This suggests that many traders, particularly those who entered during the euphoria after Bitcoin’s all-time high, now have losing positions.

Bitcoin’s Price Surge and Declining Investor Interest

However, Bitcoin’s price grew by 61% since mid-October, which shows that the market continues to push higher, even as investor interest declines.

The 30-day Market Value to Realized Value (MVRV) s…

The post Bitcoin Price Rises, but Wallet Activity Hits a Low Point appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Bitcoin Sees Long-Term Holders Sell As Short-Term Buyers Step In – Sign Of Rally Exhaustion?

Bitcoin Sees Long-Term Holders Sell As Short-Term Buyers Step In – Sign Of Rally Exhaustion?

As Bitcoin (BTC) continues to set new all-time highs (ATH) – reaching $123,218 on Bin...
ChatGPT’s 42-Signal Bitcoin Analysis Flags Critical $121K Test After Historic $123K ATH Pullback

ChatGPT’s 42-Signal Bitcoin Analysis Flags Critical $121K Test After Historic $123K ATH Pullback

ChatGPT's AI model processed 42 live indicators revealing consolidation momentum as B...